STAG Industrial, Inc. (NYSE:STAG) Short Interest Update

STAG Industrial, Inc. (NYSE:STAG) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,910,000 shares, a decline of 61.0% from the December 31st total of 4,900,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 1.8 days.

STAG Industrial Trading Down 0.6 %

STAG stock traded down $0.20 during mid-day trading on Tuesday, reaching $34.45. 340,624 shares of the stock traded hands, compared to its average volume of 1,298,279. The business has a 50-day moving average price of $34.85 and a two-hundred day moving average price of $37.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $6.28 billion, a PE ratio of 34.79 and a beta of 1.09. STAG Industrial has a one year low of $32.27 and a one year high of $41.63.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Institutional Trading of STAG Industrial

A number of institutional investors have recently modified their holdings of STAG. Marshall Wace LLP purchased a new stake in STAG Industrial in the 2nd quarter worth $4,094,000. Squarepoint Ops LLC purchased a new stake in STAG Industrial during the second quarter worth about $422,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in STAG Industrial during the second quarter worth about $57,000. AQR Capital Management LLC increased its stake in shares of STAG Industrial by 75.8% during the second quarter. AQR Capital Management LLC now owns 177,841 shares of the real estate investment trust’s stock worth $6,226,000 after buying an additional 76,656 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of STAG Industrial by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 184,646 shares of the real estate investment trust’s stock worth $6,658,000 after buying an additional 4,366 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STAG shares. Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays dropped their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company decreased their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.